Insider Selling: Funko, Inc. (NASDAQ:FNKO) CFO Sells $17,679.00 in Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,490 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $7.10, for a total transaction of $17,679.00. Following the completion of the sale, the chief financial officer now directly owns 40,719 shares of the company’s stock, valued at approximately $289,104.90. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pendeven Yves Le also recently made the following trade(s):

• On Friday, March 7th, Pendeven Yves Le sold 1,006 shares of Funko stock. The stock was sold at an average price of $8.88, for a total transaction of $8,933.28.
• On Monday, March 10th, Pendeven Yves Le sold 320 shares of Funko stock. The stock was sold at an average price of $8.16, for a total transaction of $2,611.20.

Funko Trading Down 1.4 %

NASDAQ:FNKO opened at $7.24 on Friday. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.65. The firm has a 50 day moving average of $12.09 and a 200 day moving average of $11.89. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $392.09 million, a price-to-earnings ratio of -15.08 and a beta of 0.94.

Institutional Investors Weigh In On Funko

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Funko during the fourth quarter valued at approximately $38,000. Quest Partners LLC lifted its position in Funko by 160.9% during the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after acquiring an additional 4,045 shares during the last quarter. Walleye Capital LLC purchased a new stake in Funko during the third quarter valued at approximately $129,000. Intech Investment Management LLC purchased a new stake in Funko during the fourth quarter valued at approximately $148,000. Finally, Hsbc Holdings PLC purchased a new stake in Funko during the fourth quarter valued at approximately $152,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. DA Davidson lowered their price target on shares of Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.